Congressman Byron Donalds (R-FL) introduced the Reserve and Stockpile Act today, a bill to enshrine President Donald Trump’s March 6, 2025, Executive Order into federal law. The order established a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile, and Donalds’ legislation aims to ensure its permanence beyond Trump’s administration.
The Strategic Bitcoin Reserve would consist of Bitcoin seized by the Treasury Department through criminal or civil forfeiture, held as a reserve asset with sales prohibited. The Treasury and Commerce Secretaries are tasked with devising budget-neutral plans to acquire more Bitcoin.
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Meanwhile, the U.S. Digital Asset Stockpile would include other digital assets from forfeiture proceedings, with no additional purchases planned. Federal agencies must inventory their digital holdings and report to the Treasury Secretary and the President’s Working Group on Digital Asset Markets.
Donalds, marking his seventh bill in the 119th Congress, framed the move as a step to solidify America’s role in the cryptocurrency landscape. “President Trump has pledged to make America the crypto capital of the world,” he said. “In Florida, we’ve seen the prosperity this technology brings. This act locks in that vision, ending years of Democratic pushback on crypto.”
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The proposal builds on Trump’s executive action, which positioned Bitcoin as a “digital gold” asset and signaled a shift toward embracing digital currencies.
Florida’s growing crypto hub status, particularly in Donalds’ home state, underpins the bill’s momentum. If passed, it would require Senate approval with 60 votes and a House majority.
Details of the legislation and Trump’s original order are available for public review, alongside a White House fact sheet outlining the policy’s scope. The move comes as digital asset debates heat up in Washington, with broader implications for U.S. financial strategy still unfolding.
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